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Hedge funds have reduced their exposure to US technology stocks at the fastest pace on record as persistent volatility across artificial intelligence and semiconductor shares prompts investors to cut positions, according to a report by Bloomberg citing a note from Goldman Sachs.
Japan’s ruling Liberal Democratic Party (LDP) has raised concerns over the potential for activist investors and PE firms to coordinate in take-private transactions, signalling possible regulatory changes that could reshape the country’s increasingly active shareholder engagement market, according to a report by Reuters.
Hedge funds have increased bearish bets on the New Zealand dollar to the highest level in almost two decades, even as the currency has strengthened following a more hawkish stance from the Reserve Bank of New Zealand (RBNZ), according to a report by Bloomberg.
European hedge fund Brevan Howard has expanded its US footprint by leasing office space in Miami, joining a growing number of financial firms establishing operations in South Florida, according to a report by the Real Deal.
Hedge funds sharply increased their bullish exposure to Brent crude during the week to 14 July, marking the largest weekly build-up in long positions in nearly a decade as escalating conflict between the US and Iran reignited concerns over global oil supplies, according to a report by Bloomberg.
Hedge funds delivered a third consecutive month of positive performance in June, with global macro and equity strategies leading returns, while investor appetite remained robust as the industry recorded another month of net inflows, according to Citco’s latest monthly hedge fund report.
Multi-manager hedge fund Symmetry Investments has received regulatory approval to operate in Dubai, becoming the latest alternative investment firm to establish a presence in the UAE despite heightened geopolitical tensions in the region, according to a report by Bloomberg.
A growing number of hedge funds are positioning for a reversal in one of the market’s most profitable options strategies, betting that unusually large swings in individual stocks will eventually give way to higher volatility at the index level, according to data from Cboe Global Markets.
Connecticut-based hedge fund Deccan Value Investors has publicly rejected findings made by the US SEC in a 2022 enforcement action, becoming one of the first investment firms to challenge a settled case following the regulator’s decision to abandon its long-standing “gag rule”, according to a report by Bloomberg.
Singapore is considering introducing additional tax incentives for investment firms as it seeks to preserve its status as a leading hedge fund hub amid growing competition from Hong Kong, according to a report by the Financial Times.
